OMERS CIO Ralph Berg Leaves July 1 for Temasek Role Over $520 Billion Portfolio
Updated
Updated · The Globe and Mail · Jun 10
OMERS CIO Ralph Berg Leaves July 1 for Temasek Role Over $520 Billion Portfolio
3 articles · Updated · The Globe and Mail · Jun 10
Summary
July 1 marks Ralph Berg’s exit from OMERS after three years as chief investment officer, with the executive set to take a London-based Temasek role overseeing private-market investments, according to two sources.
Blake Hutcheson assumed Berg’s CIO duties effective immediately while remaining OMERS chief executive, and told staff of the departure in a Wednesday internal memo that did not detail Berg’s next job.
2013 was the year Berg joined the Toronto pension fund; he later led its capital markets arm before becoming CIO.
6% was OMERS’ 2025 investment return, below its internal benchmark as a weak U.S. dollar and sluggish private equity weighed, even as the fund recently pledged at least $10 billion of new Canada investments over five years.